Lockheed Martin Co. (NYSE:LMT) Shares Bought by Narwhal Capital Management

Narwhal Capital Management grew its position in Lockheed Martin Co. (NYSE:LMT) by 11.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,397 shares of the aerospace company’s stock after buying an additional 3,103 shares during the quarter. Lockheed Martin accounts for 1.3% of Narwhal Capital Management’s holdings, making the stock its 20th largest holding. Narwhal Capital Management’s holdings in Lockheed Martin were worth $13,731,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of LMT. Howard Capital Management Inc. lifted its position in shares of Lockheed Martin by 75.3% during the second quarter. Howard Capital Management Inc. now owns 1,034 shares of the aerospace company’s stock worth $483,000 after purchasing an additional 444 shares in the last quarter. Weil Company Inc. increased its stake in Lockheed Martin by 11.8% during the 2nd quarter. Weil Company Inc. now owns 504 shares of the aerospace company’s stock worth $235,000 after buying an additional 53 shares during the period. Private Advisor Group LLC lifted its holdings in Lockheed Martin by 3.5% during the 2nd quarter. Private Advisor Group LLC now owns 49,045 shares of the aerospace company’s stock worth $22,908,000 after buying an additional 1,640 shares in the last quarter. Addison Advisors LLC boosted its position in Lockheed Martin by 36.9% in the 2nd quarter. Addison Advisors LLC now owns 89 shares of the aerospace company’s stock valued at $42,000 after buying an additional 24 shares during the period. Finally, Parkside Financial Bank & Trust grew its stake in shares of Lockheed Martin by 3.1% in the second quarter. Parkside Financial Bank & Trust now owns 2,121 shares of the aerospace company’s stock worth $991,000 after acquiring an additional 63 shares in the last quarter. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Lockheed Martin Trading Down 0.3 %

NYSE LMT opened at $566.82 on Friday. The firm’s fifty day moving average price is $524.33 and its 200 day moving average price is $478.58. Lockheed Martin Co. has a 12 month low of $393.77 and a 12 month high of $578.73. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.24 and a quick ratio of 1.07. The company has a market capitalization of $136.00 billion, a price-to-earnings ratio of 20.74, a price-to-earnings-growth ratio of 4.56 and a beta of 0.46.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data on Tuesday, July 23rd. The aerospace company reported $7.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.45 by $0.66. Lockheed Martin had a return on equity of 95.03% and a net margin of 9.48%. The company had revenue of $18.12 billion for the quarter, compared to analyst estimates of $17.05 billion. During the same quarter last year, the company posted $6.73 earnings per share. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. On average, sell-side analysts expect that Lockheed Martin Co. will post 26.65 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Tuesday, September 3rd will be paid a $3.15 dividend. This represents a $12.60 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date of this dividend is Tuesday, September 3rd. Lockheed Martin’s dividend payout ratio is currently 46.10%.

Insider Buying and Selling at Lockheed Martin

In other news, insider Timothy S. Cahill sold 3,975 shares of the firm’s stock in a transaction that occurred on Wednesday, July 24th. The shares were sold at an average price of $515.36, for a total transaction of $2,048,556.00. Following the transaction, the insider now directly owns 8,877 shares in the company, valued at $4,574,850.72. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.17% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on LMT shares. Barclays increased their price objective on Lockheed Martin from $480.00 to $505.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 30th. Royal Bank of Canada raised Lockheed Martin from a “sector perform” rating to an “outperform” rating and increased their price target for the company from $500.00 to $600.00 in a research report on Monday, August 5th. Melius raised Lockheed Martin from a “hold” rating to a “buy” rating and set a $704.00 price objective for the company in a research report on Tuesday. Melius Research raised shares of Lockheed Martin to a “strong-buy” rating in a report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Lockheed Martin from a “hold” rating to a “buy” rating and lifted their price target for the stock from $540.00 to $600.00 in a research note on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Lockheed Martin has an average rating of “Moderate Buy” and a consensus price target of $553.43.

Lockheed Martin Profile

Lockheed Martin Corporation, a security and aerospace company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services worldwide. The company operates through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments.